Rising production, exports to boost margins for US refiners

Sandy Fielden RBN Energy Houston US refiners have been blessed with growing domestic and Canadian crude supplies and low operating costs over 2012-13. Replumbing of the distribution system to get these supplies to market is nearing completion–aided by expedient use of rail and barge. Pricing for crude supplies should favor US refiners as rising US light sweet crude production exceeds demand and refined product exports set higher margins. US refiners willing to invest in reconfiguring their operations to process the growing US production slate will be well-positioned to compete in the near-term international export market for refined products. Crude supply US crude production is surging, u...

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